Need info from people who own DivX certified player

I've got a few divx movies that I'd like to put to a DVD-R and so it can be played on a divx player in the future. Now I've learned so far that I can just copy them as data as I normally would.

Now, I'd like to put each movie into its own directory with subtitle so e.g. each directory would contain 1 avi and 1 sub (could be .srt or .sub) so they'll be neatly organized. The question is, does the directory matter? Will the divx player be able to find the avi and play it?

What about subtitle? Will it also pick it up? I haven't found much info on subtitle. What formats are supported?

Appreciate if someone could give me some answers / confirmation or point me to the relevant links.